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McCabe Corporation issued $600,000 of 6.5% 10-year bonds. The bonds are dated and sold on January 1, 2015. Interest payment dates are January 1 and
McCabe Corporation issued $600,000 of 6.5% 10-year bonds. The bonds are dated and sold on January 1, 2015. Interest payment dates are January 1 and July 1. The bonds are issued for $578,681 to yield the market interest rate of 7%. Using straight-line amortization, the carrying amount of McCabe Corporation's bonds at December 31, 2015, is (Final answers are rounded.) O A. $579,747 O B. $580,813 O C. $576,549 OD. $577,615
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